Industrial Property with Expansion
For Sale
Contact for pricing
12670 State Hwy 48, Bristow, OK 74010
9,000 SF industrial building on 4 acres for sale.
Property Size9,000 SF
Lot Size4.00 Acres
Price / SF$69.44
Days on Market680
Property Features for 12670 State Hwy 48
General Information
Standard status
Active
Size
9,000 SF
Class
A
Lot size
4.00 Acres
Property subtype
Industrial
Zoning
RURAL COMMERCIAL INDUSTRIAL
Investment Type
Owner/User
Building Details
Year Built
2020
Tenancy
Single
Listing Agency:
Chinowth & Cohen
(918) 378-1261
Listed By:
Ronda Bender · License #184787
Source:
Crexi
Added: Oct 10, 2024
Changed: Aug 14
Last Checked: Aug 19 at 1:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Chinowth & Cohen
Investment Insights
Based on property information with market context.
This well-maintained industrial property, constructed in 2019, is situated on a 4-acre lot. The 9,000 square foot building features 15 rooms suitable for office, storage, or light manufacturing purposes. The property includes one large roll-up door for convenient loading access. Climate control is facilitated by six HVAC units. The site offers ample room for expansion and customization to suit various operational needs. Additional acreage is available.
Key Highlights
- Spacious 4‑acre lot with ample room to build and expand
- 9,000 square foot building with 15 versatile rooms suitable for various uses**
- One large roll‑up door for convenient loading access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,536
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$930,720
$930.7K
Cap Rate 7%
$664,800
$664.8K
Cap Rate 9%
$517,067
$517.1K
Market Conditions
NOI Build-Up for 9,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$75.6K $8.40/SF
− Vacancy
−$4.0K −$0.45/SF
EGI
$71.6K $7.95/SF
− OpEx
−$25.1K −$2.78/SF
NOI
$46.5K $5.17/SF
Area
Creek County, OK
Vacancy
5.30%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$930,720
Cap Rate 7%
$664,800
Cap Rate 9%
$517,067
Alternative Uses
Best Use
Flex RnD
$664.8K
$581.7K – $775.6K
NOI $46,536 @ 7.0% cap · market cap 7.45%
Second Best
Industrial
$618.1K
$540.8K – $721.1K
NOI $43,266 @ 7.0% cap · market cap 6.92%
Theoretical Best
Office A
$2.21M
$1.94M – $2.58M
NOI $154,924 @ 7.0% cap · market cap 24.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 74010, OK
10,449
Population
4,607
Households
2.3
Avg Household Size
41
Median Age
14%
College-Educated
90%
High-School Grad
322.8 sq mi
ZIP Area
32
Density / Sq Mi
$54,905
Median Household Income
$39,556
Median Earnings
$690
Median Rent
$172,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - 9,000 SF industrial building on 4 acres for sale.
Where is this flex space located?
The property is located at 12670 State Hwy 48 Bristow, OK.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Spacious 4‑acre lot with ample room to build and expand; 9,000 square foot building with 15 versatile rooms suitable for various uses**; One large roll‑up door for convenient loading access
